WSE:CAV Income Statement

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	161.56	132.28	94.32	72.69	40.45
Gain (Loss) on Sale of Assets (Rev)	-87.86	-	-	-	-
Other Revenue	128.5	-0.08	46.35	19.44	65.67
Total Revenue	202.19	132.2	140.67	92.13	106.12
Revenue Growth (YoY	52.94%	-6.02%	52.68%	-13.18%	82.25%
Property Expenses	57.21	54.54	100.91	51.47	40.64
Selling, General & Administrative	45.62	46.79	47.3	46.35	42.4
Other Operating Expenses	1.3	3.6	8.62	2.4	8.19
Total Operating Expenses	104.12	104.93	156.82	100.23	91.22
Operating Income	98.07	27.27	-16.16	-8.1	14.9
Interest Expense	-114.16	-97.71	-81.24	-29.01	-25.47
Interest & Investment Income	2.16	0.68	1.26	2.3	1.28
Currency Exchange Gain (Loss)	22.83	20.43	67.81	-23.38	-5.21
Other Non-Operating Income	-32.09	-3.95	-2.31	-3.88	-7.38
EBT Excluding Unusual Items	-23.19	-53.28	-30.65	-62.07	-21.89
Asset Writedown	33.41	68.51	150.62	105.21	257.26
Total Legal Settlements	-4.63	-2.87	-6.42	-8.22	-
Pretax Income	5.59	12.36	113.56	34.92	235.38
Income Tax Expense	2.25	1.52	23.06	7.77	45.76
Net Income	3.34	10.84	90.5	27.15	189.62
Net Income to Common	3.34	10.84	90.5	27.15	189.62
Net Income Growth	-69.16%	-88.02%	233.37%	-85.68%	30.13%
Basic Shares Outstanding	25	25	25	25	21
Diluted Shares Outstanding	25	25	25	25	21
Shares Change (YoY)	-	-	0.14%	22.17%	19.46%
EPS (Basic)	0.13	0.43	3.56	1.07	9.16
EPS (Diluted)	0.13	0.43	3.56	1.07	9.12
EPS Growth	-69.51%	-88.02%	232.90%	-88.28%	8.89%
Operating Margin	48.50%	20.63%	-11.49%	-8.79%	14.04%
Profit Margin	1.65%	8.20%	64.34%	29.47%	178.69%
EBITDA	100.85	30.24	-13.16	-2.39	18.63
EBITDA Margin	49.88%	22.87%	-9.36%	-2.59%	17.55%
D&A For Ebitda	2.78	2.97	3	5.71	3.73
EBIT	98.07	27.27	-16.16	-8.1	14.9
EBIT Margin	48.50%	20.63%	-11.49%	-8.79%	14.04%
Effective Tax Rate	40.24%	12.28%	20.30%	22.25%	19.44%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.